Browsing: Côte d’Ivoire

Côte d’Ivoire’s economy remains on a favourable trajectory. The economy needs bolstering to expedite the structural change of its economy as envisioned by the new 2030 plan. To achieve this, the nation needs to raise its investments in new sectors with considerable potential for wealth generation and improvement in quality of life. These sectors would enable the inclusion and realisation of benefits for women and the most disadvantaged populations in society, especially those residing in the most isolated rural areas.…

Are you thinking of investing in Africa, Côte d’Ivoire to be specific?

Well, the best time to invest in Africa is now. However, foreign investors have not moved into the continent as quickly as expected because foreign investment decisions are often methodically overstructured. One of the major factors cited is too much risk.

Africa is the most profitable region in the world. A report by the UN Conference on Trade and Development states that between 2006 and 2011, Africa had the highest rate of return on inflows of Foreign Direct Investment: 11.4%.  This is compared to 9.1% in Asia, 8.9% in Latin America and the Caribbean. The global figure is 7.1%.

Investing in Africa is good business and a sustainable corporate strategy for foreign investors. Advanced and emerging countries’ governments and the private sector should leverage these profitable, emerging investment opportunities.

Economic growth prospects

Africa’s economic growth prospects are …

Up to 50 million people around the world, including around five million smallholder farmers, depend on cocoa which is essential to their livelihoods. 

Africa is the world’s major cocoa producer with West African nations—Côte d’Ivoire, Ghana, Nigeria, Cameroon and Togo—producing an estimated 70 per cent of the world’s cocoa on 1.5 million farms. The majority of the crop comes from small farms of between three to five hectares. 

Producing cocoa is backbreaking for the cocoa farmers yet they do not earn enough from the product that is a global on-demand ingredient. Most farmers are unable to cover their basic needs despite the fact that the worldwide chocolate market is valued at US$103 billion.…

Cocoa plantations, which are the backbone of the world’s chocolate supply, are highly vulnerable to climate hazards.…

Continent-wide, over 640 million Africans have no access to energy which corresponds to an electricity access rate for African countries at just over 40 per cent. …

The Green Cluster of SMEs in Côte d’Ivoire awarded the African Development Bank (AfDB) a prize for the best technical and financial partner committed to promoting the green economy and supporting small and medium-sized enterprises (SMEs) toward a low-carbon transition.

AFDB was awarded at the Green Awards, which was launched in 2019 under the sponsorship of the Ivorian Minister of the Environment and Sustainable Development Prof. Joseph Seka Seka, with support from Félix Miézan Anoblé, Côte d’Ivoire’s minister of trade, industry and promotion of small and medium-sized enterprises.

The Green Cluster organised a follow-up event, despite the pandemic to recognize the continuing importance of sustainable development, the green economy and other measures to fight climate change.

The award acknowledges the actors that have made a significant contribution to the development of green SMEs and the emergence of a sustainable low-carbon green economy resilient to climate change.

“As an innovative approach …